They share the same goal: blockchain technology goes mainstream.Track your cryptocurrency assets near real time using Google Sheets!Įveryone is crazy about cryptocurrencies nowadays and it is getting hotter and hotter every single day. Thinking back Fetch.AI, even though Binance didn't provide details on how it has selected Fetch.AI to be the second crypto project this year on Launchpad, it is clear that Fetch. This solves the issues many other decentralized exchanges face with speed and power."įrom Launchpad to Binance DEX, the big moves Binance has taken this year so far only showcase a small part of the company's big plan for the crypto world. "With the core Binance Chain technology, Binance DEX can handle the same trading volume as is handling today. This is faster than other blockchains today," CZ said in the release. “Binance Chain has near-instant transaction finality, with one-second block times. With that in mind, Binance's big push on Launchpad all seems to make sense now: by replacing the financing function of ICOs, Launchpad eventually will pave the way for the establishment of Binance Chain, Binance's very own public blockchain.įurthermore, the world's largest cryptocurrency exchange by trading volume announced today that they released a public testing for Binance DEX, a decentralized trading platform powered by Binance Chain, according to a news release from the company. Interestingly, Zhao, or CZ, unveiled to Forbes of his company's plan to create its own blockchain called Binance Chain during a Forbes event in Singapore last December. "It is fantastic to have access to such collective knowledge and expertise in the crypto space across the entire global market," Sheikh said, in describing his company's work with Binance. "Technologies like Fetch.AI are disruptive: they act as disintermediation agents in the economy, break down the barriers between centralized entities and opens access to a world powered by decentralized AI," Humayun Sheikh, CEO and co-founder of Fetch.AI said in an email response to Forbes.īy collaborating with Binance Launchpad, Sheikh said that it will enable the team to focus on their "groundbreaking multi-agent platform." With such infrastructure, this project seeks to build a network where economic activities in sectors such as hospitality, energy, supply chain, and transportation, could take place autonomously. While Fetch.AI was largely unknown to this side of the world, it has grabbed attention in Europe thanks to the people behind the project. Among members of its leadership team, many were previously involved in DeepMind, a UK-based company focused on artificial intelligence (AI) that was later acquired by Google in 2014.įetch.AI has an ambitious goal: it wants to build an infrastructure to combine blockchain and AI technologies, according to its white paper. And that has led us to today, as Fetch.AI, the second project that was selected by Binance Launchpad, is to launch its token sale on Feb. The number was impressive, the success was huge. In just under 18 minutes, the project sold a recorded high of 59.8 billion BTT, worth roughly $7.2 million.Īs Binance CEO and founder Zhao Changpeng tweeted later that day, if it wasn't for some technical issues with the Launchpad platform, the token sale could have finished in just seconds. The sale ran two sessions: one for purchases using Binance Coin (BNB) and another for purchases using TRON (TRX), according to Binance's blog post. However, a different outcome occurred when BitTorrent Tokens (BTT) went ahead with its public sales on Binance Launchpad. So-called initial coin offerings (ICOs) were certainly affected by the long winter, as most found themselves having difficulties raising funds in order to launch the underlying crypto projects. For instance, Bitcoin, the most valued cryptocurrency, has lost more than 80% of its value since it reached its highest value on Decemat $20,089, according to historical data from Coinmarketcap. Since the "crypto winter" began in roughly mid-year of 2018, all major cryptocurrencies have suffered major losses. There is no doubt that the crypto world is currently going through a historical bear market. It was quite a bold move for both Binance and TRON, the cryptocurrency affiliated with BitTorrent, to launch a token sale during such a time period. Fast forwarding to January 2019, Launchpad came back big with the token sale for BitTorrent, the peer-to-peer technology for file-sharing service on the Internet.
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